NEW YORK (CNNMoney) -- Barnes & Noble, one of the few "brick and mortar" bookstore chains still functioning, reported a loss Tuesday for a second consecutive quarter.
During its earnings call, Barnes & Noble (BKS, Fortune 500) confirmed that a decline in printed book sales is being partially offset by the growing popularity of e-books. Its stock raced up 18% at the market open, but it quickly faded, leaving it only around 11% higher in midday trading. For the year, Barnes & Noble is still down more than 10%.
Shares of the other publicly traded bookstore chain -- Books-A-Million (BAMM) -- are not faring much better -- down 55% since January. Earlier this week, the company acquired leases for 14 Border's stores, after Borders filed for bankruptcy in February.
With Border's out of business and Amazon (AMZN, Fortune 500) taking the lion's share of the bookselling industry, the world's largest Internet retailer is eyeing the tablet market. It may introduce a tablet by fall, sparking investors' interest and feeding speculation about what that might mean for the field's other players: Apple (AAPL, Fortune 500), Samsung and Google (GOOG, Fortune 500).
These are some of the topics sparking conversation on StockTwits on Tuesday:
firstadopter -- $BKS call: retail book sales are clearly picking up as Borders liquidation winds down
ldrogen -- I love the $BKS guidance, "somewhere between a 10 and 50 cent loss, but who the hell knows"
JeffReevesIP -- Shocker, Books a Million $BAMM at new 52 wk low. Next thing we'll hear Barnes & Noble $BKS lost more than expected on the quarter... oh wait
Benzinga -- $BKS Barnes & Noble Says US EBook Market Share 26-27%
ivanhoff -- Tablets are just another distribution channel. It makes perfect sense for $AMZN to sell them at break-even
alpeshpb -- Liking what I'm reading about $AMZN new tablet. U want to see innovative NPIs that lead to new revenue channels. $AAPL.
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